There is no question that confusion exists when it comes to the topic of life insurance, and where there is confusion, mistakes can happen. So, to help you learn from other’s experiences, here are some common life insurance mistakes to avoid before, during and after you make a life insurance purchase:
Buying a home can be the single biggest purchase an individual will ever make.
How much you will pay for life insurance is based on several factors including your age, health and smoking status. Check out this infographic to help you understand all the factors that may influence your life insurance quote:
Life insurance is an important part of your overall financial plan. We’ve put together some easy to understand video’s to help you get started with answering a few important life insurance questions.
As a follow-up to our recent post on when an irrevocable life insurance beneciary may not be so "untouchable", Peter Wouters, Director of Tax Retirement & Estate Planning Services at Empire Life, continues to provide his insights on a recent court case where life insurance proceeds were made available to a dependant - despite the same policy naming another dependant as an irrevocable beneficiary as part of a separation agreement.
Lessons to be learned? Find out.
An "irrevocable life insurance beneficiary" refers to a person that is designated to receive life insurance benefits from a life insurance policy or segregated fund contract where that designation cannot be changed without that person’s consent, and on the death of the life insured the benefits do not form part of the owner’s (if he/she is the life insured) estate. This is set out in the Insurance Act.
Are you looking to purchase life insurance for the very first time and have no idea where to start?
It’s surprising that many people know that their families would benefit from having life insurance, but yet many people still don’t have it. Obviously, barriers exist for people – perhaps competing priorities, not knowing enough about what to purchase and where to start with the process, and thinking that it’s not affordable.
Similar to our homage to Mother’s on their special day, we didn’t want to miss out on paying tribute to Dads and all that they provide for their families.
The summer season can mean time for barbeques, biking, soccer, baseball, watching beautiful sunsets and having s’mores around the campfire. The season conjures up images of lazy days in a hammock or lying poolside. However, the reality for many people consists of hectic schedules and very busy summer calendars. With kids out of school, summer camps, and running to scheduled sporting events, getting some spare time can seem challenging at times.
